<p style=““ class=“text-align-justify“>The meeting is likely to just reaffirm and back the surprise move by the Gulf States over the weekend to cut oil production, as seen <a target=“_blank“ href=“https://www.forexlive.com/news/saudi-arabia-and-other-gulf-states-announce-1-million-barrels-per-day-in-oil-output-cuts-20230402/“ target=“_blank“ rel=“follow“>here</a>. As for the oil market reaction, I shared some thoughts here:</p><ul><li><a target=“_blank“ href=“https://www.forexlive.com/news/oil-buoyed-by-weekend-surprise-but-the-technicals-remain-challenging-20230403/“ target=“_blank“ rel=“follow“>Oil buoyed by weekend surprise but the technicals remain challenging</a></li></ul>

This article was written by Justin Low at www.forexlive.com.